Holiday Homes in Cyprus - Purchasing Property in Cyprus

A lovely two bedroom second floor apartment is for sale off the Makarios Avenue in Larnaca.

The property comprises of:

Spacious living/dining area

Separate kitchen

Double bedrooms

Master bedroom features an ensuite

Family bathroom

Covered area of 70 square meters plus 34 square meters covered verandas

Completed in 2004

The property also features:

Full split air-condition units throughout

Storage heater

Parquet laminated floor in the bedrooms

Double glazed windows

Covered parking space

Store room

Title Deeds Available

The property had recently been valuated to160.000Euros but was dropped for a quick sale.

Larnaka is the international gateway to Cyprus, being its second port and having an international airport. It is one of the oldest continuously inhabited cities in the world, and has plenty of historical sightseeing on offer to complement its deep-blue sea, bright sandy beaches and reliably sunny skies. With its 400-berth marina, Larnaka is also a favoured destination for visitors with yachts. Land-based tourists enjoy the palm-lined harbor promenade and the city’s international caliber shops, inviting cafes and panoramic Mediterranean views.

Larnaka is an attractive and quiet city which is the same all year round unlike many other areas of Cyprus, which tend to be very busy during the summer months and extremely quiet during the winter. It is one of the oldest continuously inhabited cities in the world and has plenty of historical sightseeing on offer to complement its deep-blue sea, bright sandy beaches and reliably sunny skies. Its famous Palm Tree Promenade and marina ensure a picturesque coastline and Larnaka boasts many of the most appealing beaches in Cyprus. Its central location means that other cities and popular areas of Cyprus are within easy reach – Nicosia, the country’s capital, is less than 60km away, and Limassol and Paphos are approx 65km and 120km distance.

Cyprus property Ownership

Purchasing property in Cyprus by foreigners is very simple.

Non Europeans are entitled to a freehold ownership of a villa, an apartment or a piece of land. The area of land of the property must not exceed 4014 sq. meters (four thousand and fourteen square meters).

Europeans are entitled to a freehold ownership of a Cyprus villa or an apartment. These restrictions should soon be abolished because of Cyprus’ entrance to the EU. It is likely that a change like this in the legal system will increase demand of real estate resulting in an increase in property prices. Europeans can purchase land in Cyprus in any size or quantity that they wish. This was one of the changes which took place when Cyprus entered the EU.

Foreign companies can purchase offices for their business and holiday homes for their directors.

Europeans who have a permanent or temporary permit can register as many properties as they want provided that they sign a confirmation to the government that they will stay for the following five years in Cyprus.